The New World Economy: A Beginner's Guide

The New World Economy: A Beginner's Guide

by Randy Charles Epping

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Overview

What is blockchain? What is Bitcoin? How can central banks be instrumental in guiding a nation's economy? What are the underlying causes of trade deficits? Do trade wars actually help the domestic economy? How has the behavior of millennials and Generation Z affected the global economy? Find out all this and more in this definitive guide to the world economy.

As the global economic landscape shifts at an increasing rate, it's more important than ever that citizens understand the building blocks of the new world economy. In this lively guide, Randy Charles Epping cuts through the jargon to explain the fundamentals. In thirty-six engaging chapters, Epping lays bare everything from NGOs and nonprofits to AI and data mining. With a comprehensive glossary and absolutely no graphs, The New World Economy: A Beginner's Guide is essential reading for anyone who wants to understand what is going on in the world around them. This timely book is a vital resource for today's chaotic world.

Product Details

ISBN-13: 9780525563204
Publisher: Knopf Doubleday Publishing Group
Publication date: 01/21/2020
Pages: 352
Sales rank: 617,495
Product dimensions: 5.11(w) x 7.93(h) x 0.70(d)
Lexile: 1440L (what's this?)

About the Author

Randy Charles Epping, based in Zurich, Switzerland and São Paulo, Brazil, has worked in international finance for over 25 years, holding management positions in European and American investment banks in London, Geneva, and Zurich. He has a master's degree in international relations from Yale University, in addition to degrees from the University of Notre Dame and the University of Paris-La Sorbonne. He is currently the manager of IFS Project Management AG, a Switzerland-based international consulting company. He is also the president of the Central Europe Foundation, which provides assistance to students and economic organizations in Central and Eastern Europe. In addition to several other books on the world economy, he has written a novel, Trust, a financial thriller based in Zurich and Budapest. Mr. Epping holds dual U.S. and Swiss citizenship and is fluent in six languages: English, French, German, Italian, Portuguese, and Spanish.

Table of Contents

Preface xv

1 Butterflies over Beijing: What Is the New "Fusion Economy"? 3

2 Bitcoins and Blockchains: Are Cryptocurrencies Real Money? 8

3 How Do Local Economic Crises Become Global Crises? 14

4 Supranationals: Do International Organizations Like the World Bank and the IMF Really Promote Economic Growth? 20

5 How Do We Rank Countries in the New Global Economy? 26

6 Can Trade Wars Destroy the World Economy? 35

7 Brexit and Border Walls: Does Economic Isolation Make Economic Sense? 42

8 Does Immigration Take Our Jobs Away? 47

9 How Do Populist Leaders Use Our Economic Illiteracy to Gain Power? 52

10 Globalization-Problem or Solution? 57

11 Inflation vs. Deflation 64

12 What Is Currency Manipulation? 70

13 The Fear of Investing: Is It Keeping Us Poor? 76

14 Comparing Investments in the New World Economy 86

15 Income Inequality: Is It Inevitable? 93

16 What Is Hot Money? 102

17 Barbarians at the Gate? Private Equity Investors, Venture Capitalists, and High-Frequency Traders 107

18 The Twenty-First-Century Company 113

19 How Is the Digital Economy Transforming the World? 119

20 What Is the Internet of Things? 126

21 Is Data the New Gold? 130

22 How Are Robots and Artificial Intelligence Transforming the World Economy? 136

23 What Is the Sharing Economy? 143

24 BRICS and Beyond: How Emerging Markets Are Becoming the New Powerhouses of the World Economy 148

25 What Is the Future for the European Union and the Other Free-Trade Areas? 153

26 Sharp Power: How Countries Use Economic Power to Achieve Global Clout 160

27 Sharing the Wealth: How Do Charities, Private Enterprise, and NGOs Promote Economic Development? 165

28 Corruption and Tax Evasion: How Does Money Laundering Work? 171

29 The Dark Web and Other Black Markets: How Big Is the Illegal Economy? 179

30 How Is Climate Change Transforming the Global Economy? 184

31 Economics vs. the Environment: Is It a Zero-Sum Game? 190

32 What Are the Alternatives to Capitalism? 196

33 Are Trade Unions Becoming Obsolete in the Twenty-First Century? 202

34 Health Care: Ways That Work 207

35 How Is the Behavior of Millennials and Other Generations Changing the World's Economic Landscape? 215

36 New Ways of Working and Living in the Twenty-First Century 223

Glossary 231

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